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<p/><br></br><p><b> About the Book </b></p></br></br>Our current economic climate has led many people to start their own businesses--by choice, necessity, or a little of each. And since everyone wants to limit their personal liability when starting a business, LLCs have become very popular. This book simplifies LLC concepts and helps the reader decide whether to form an LLC or some other type of business entity.<p/><br></br><p><b> Book Synopsis </b></p></br></br><b>Limit your liability, simplify taxes with an LLC</b> <p> If you run your own business as a sole proprietorship or partnership, you've probably heard of the advantages of limited liability companies--especially the way an LLC can protect personal assets from business debts. LLC expert Anthony Mancuso clearly explains how to decide whether an LLC is right for you. Learn: <p><ul> <li> the unique legal features of LLCs, including limited personal liability for owners <li> who should--and who shouldn't--form an LLC <li> when to choose an LLC instead of a corporation, partnership, or other business form <li> how LLCs are taxed <li> how to manage multiple-owner LLCs, and <li> why an LLC can be the right choice even for a debt-troubled business. </ul><p> <b>What's New? </b>An overview of the CARES Act and other resources for businesses impacted by COVID-19.<p/><br></br><p><b> Review Quotes </b></p></br></br><br>Mancuso provides advice on how and why to form an LLC and gives guidance on dealing with members capital and profits interest, taxation or profits management, paperwork, and soliciting legal and tax help. <i>Reference & Research Book News</i> <p> When it comes to self-help legal stuff, nobody does a better job than Nolo <i> USA TODAY</i> <p> An LLC can protect personal assets from business debts. Now in a fully updated and revised, Nolo's Quick LLC: All You Need to Know About Limited Liability Companies by attorney Anthony Mancuso clearly explains how to decide whether an LLC is right for you.Nolo's Quick LLC covers: The unique legal features of LLCs, including limited personal liability for owners; Who should and who shouldn't form an LLC; How to choose an LLC, corporation, partnership, or other business form; How LLCs are taxed; How to manage multiple-owner LLCs; Why an LLC can be the right choice even for a debt-troubled business. It should be noted that The Tax Cuts and Jobs Act provides LLCs with a 20% deduction on their pass-through business income. <i>Dunford's Bookshelf. The Midwest Book Review</i><br>

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